GDP Growth of India

Source	Ministry of Statistics and Programme Implementation : (2004-17), (2017-20)
	World Bank
	IMF World Economic Outlook (October-2020)
Date	31 Dec 2020

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According to the IMF World Economic Outlook (October-2020), GDP growth rate of India in 2020 is projected at -10.29%. India is at 164th position out of 193 economies. India has the 2nd lowest growth rate among top ten largest economies after Italy and 3rd lowest among trillion-dollar economy after Italy and Spain.

India was among top ten growing economies in two years 2016 (6th out of 202) and 2015 (10th out of 203).

Real GDP growth or Gross Domestic Product (GDP) growth of India at constant (2011-12) prices in the year 2019-20 is estimated at 4.18 percent as compared to the growth rate of 6.12 percent in 2018-19. The growth in gross domestic product was slowest since 2009-10 and 2nd lowest in 2011-12 series available since 2004-05. The previous low was 3.09% in 2008-09.

GVA growth rates of the Agriculture & allied, Industry, and Services sector are 4.05%, 0.92%, and 5.55% respectively. India has registered highest growth of 9.96% in 'Public Administration, defence and other services' sector and lowest 0.03% in 'Manufacturing' sector. Overall GVA growth at constant prices is 3.89%.

With GDP growth rates of 3.89% at current prices in 2019-20, India has recored lowest nominal growth rate in 2011-12 series. Even in 2004-05 series, it is lowest since 1975-76. GVA growth rates of the Agriculture & allied, Industry, and Services sector are 11.45%, 1.68%, and 8.48%, respectively. Overall GVA growth at current prices is 7.02%.

In 2004-05 series, Average growth rate from 1951 to 2014 stands at 4.96%, reaching an all time high of 10.16% in 1988-89 and a record low of -5.2% in the 1979-80. In 4 years, Growth was negative.

GDP growth (2011-12 series)
GDP per capita growth (2011-12 series)

Growth (2011-12 series)
Year	Growth rate (%) at 2011-12 prices				Growth rate (%) at current prices (%)
Year	GDP	GVA	GNI	NNI	GDP	GVA	GNI	NNI
2005-06	7.92	8.28	7.90	7.74	13.99	14.55	13.97	13.99
2006-07	8.06	8.05	7.99	7.83	17.14	17.37	17.07	17.27
2007-08	7.66	7.38	8.05	7.77	15.14	14.99	15.56	15.49
2008-09	3.09	4.31	2.91	2.24	12.56	15.20	12.36	11.87
2009-10	7.86	6.86	7.86	7.53	15.46	15.51	15.46	15.35
2010-11	8.50	8.03	7.96	7.83	19.92	18.56	19.35	19.84
2011-12	5.24	5.22	5.45	5.00	14.43	14.45	14.65	14.59
2012-13	5.46	5.42	5.14	4.54	13.82	13.52	13.49	13.23
2013-14	6.39	6.05	6.31	5.98	12.97	12.61	12.89	12.91
2014-15	7.41	7.15	7.48	7.53	10.99	11.01	11.06	10.92
2015-16	8.00	8.03	7.99	8.02	10.46	9.30	10.48	10.79
2016-17	8.26	7.97	8.27	8.21	11.76	11.06	10.76	10.94
2017-18	7.04	6.59	7.12	7.03	11.09	11.08	12.18	12.28
2018-19	6.12	6.04	6.14	5.88	10.95	10.49	10.97	10.82
2019-20	4.18	3.89	4.17	4.20	7.21	7.02	7.19	7.21

Per capita growth (2011-12 series)
Year	Per capita Growth rate (%) at 2011-12 prices			Per capita Growth rate (%) at current prices (%)
Year	GDP	GNI	NNI	GDP	GNI	NNI
2005-2006	6.27	6.24	6.09	12.24	12.22	12.24
2006-2007	6.52	6.45	6.29	15.47	15.39	15.59
2007-2008	6.15	6.53	6.26	13.52	13.93	13.87
2008-2009	1.66	1.48	0.83	11.00	10.81	10.32
2009-2010	6.39	6.38	6.06	13.88	13.88	13.77
2010-2011	7.03	6.51	6.38	18.30	17.74	18.22
2011-2012	2.31	2.51	2.08	11.24	11.46	11.39
2012-2013	4.18	3.86	3.27	12.44	12.11	11.85
2013-2014	5.02	4.95	4.63	11.52	11.44	11.46
2014-2015	6.05	6.12	6.17	9.59	9.66	9.52
2015-2016	6.65	6.65	6.67	9.08	9.11	9.41
2016-2017	6.92	6.94	6.88	10.38	9.40	9.57
2017-2018	5.82	5.89	5.81	9.82	10.90	11.00
2018-2019	5.08	5.10	4.85	9.87	9.88	9.74
2019-2020	3.09	3.08	3.12	6.09	6.07	6.09

GDP growth
GDP per capita growth

Projections by IMF
Year	GDP Growth rate(%)
2020	-10.289
2021	8.804
2022	7.986
2023	7.632
2024	7.411
2025	7.182

Estimates by World Bank
Year	Growth rate (%)		Rank/Total
Year	Growth	Per capita growth	GDP	GDP per capita
1961	3.723	1.670	57/93	55/93
1962	2.931	0.861	73/96	72/96
1963	5.994	3.836	40/96	40/96
1964	7.453	5.250	32/96	32/96
1965	-2.636	-4.640	92/96	92/96
1966	-0.055	-2.116	87/102	85/102
1967	7.826	5.595	21/105	17/105
1968	3.388	1.226	76/106	77/106
1969	6.540	4.270	44/108	48/108
1970	5.157	2.864	63/108	64/108
1971	1.643	-0.626	99/121	102/121
1972	-0.553	-2.816	108/121	111/121
1973	3.296	0.919	86/121	89/121
1974	1.185	-1.147	104/121	108/121
1975	9.150	6.645	14/123	18/123
1976	1.663	-0.653	99/125	102/125
1977	7.255	4.825	35/127	40/127
1978	5.713	3.323	59/132	67/132
1979	-5.238	-7.388	126/132	123/132
1980	6.736	4.299	36/133	40/133
1981	6.006	3.571	36/144	45/144
1982	3.476	1.094	47/148	56/148
1983	7.289	4.828	14/151	15/151
1984	3.821	1.464	75/151	84/151
1985	5.254	2.902	38/154	47/154
1986	4.777	2.475	56/155	60/155
1987	3.965	1.719	67/159	75/159
1988	9.628	7.299	22/162	28/162
1989	5.947	3.734	37/164	45/164
1990	5.533	3.365	44/165	53/165
1991	1.057	-0.984	108/175	107/175
1992	5.482	3.390	52/176	52/176
1993	4.751	2.707	55/179	59/178
1994	6.659	4.606	34/181	40/180
1995	7.574	5.530	27/183	39/182
1996	7.550	5.530	30/189	40/189
1997	4.050	2.123	101/189	106/189
1998	6.184	4.249	39/191	51/191
1999	8.846	6.898	16/192	19/192
2000	3.841	2.021	109/193	124/193
2001	4.824	3.027	55/197	66/197
2002	3.804	2.065	87/198	80/198
2003	7.860	6.094	31/203	32/203
2004	7.923	6.194	40/203	46/203
2005	7.923	6.232	34/204	39/204
2006	8.061	6.403	42/204	47/204
2007	7.661	6.048	52/205	55/205
2008	3.087	1.588	120/203	116/203
2009	7.862	6.351	18/204	11/204
2010	8.498	7.042	23/204	23/204
2011	5.241	3.894	75/204	71/204
2012	5.456	4.165	51/204	47/204
2013	6.386	5.135	33/204	21/204
2014	7.410	6.187	14/205	10/205
2015	7.996	6.797	9/204	8/204
2016	8.256	7.083	7/203	6/203
2017	7.044	5.912	18/203	13/203
2018	6.120	5.024	30/201	21/201
2019	4.181	3.129	59/188	49/188

2004-05 series
Year	GDP Growth rate(%)
Year	2004-05 prices	current prices
2013-14	4.74	11.54
2012-13	4.47	11.88
2011-12	6.69	15.77
2010-11	8.91	18.66
2009-10	8.59	15.18
2008-09	6.72	15.75
2007-08	9.32	15.91
2006-07	9.57	16.60
2005-06	9.48	14.10
2004-05	7.05	13.16
2003-04	7.97	12.03
2002-03	3.88	7.75
2001-02	5.39	8.72
2000-01	4.15	7.67
1999-00	8.00	11.35
1998-99	6.68	15.28
1997-98	4.30	11.20
1996-97	7.97	16.38
1995-96	7.29	17.08
1994-95	6.39	16.80
1993-94	5.68	16.23
1992-93	5.36	14.70
1991-92	1.43	15.37
1990-91	5.29	16.49
1989-90	6.13	15.20
1988-89	10.16	19.34
1987-88	3.53	13.36
1986-87	4.31	11.50
1985-86	4.16	11.74
1984-85	3.96	12.30
1983-84	7.85	16.97
1982-83	2.92	11.72
1981-82	5.63	17.08
1980-81	7.17	19.51
1979-80	-5.20	9.12
1978-79	5.50	7.47
1977-78	7.47	14.13
1976-77	1.25	7.49
1975-76	9.00	6.21
1974-75	1.16	17.71
1973-74	4.55	22.55
1972-73	-0.32	10.00
1971-72	1.01	6.40
1970-71	5.01	6.38
1969-70	6.52	9.97
1968-69	2.61	5.46
1967-68	8.14	17.52
1966-67	1.02	13.82
1965-66	-3.65	4.71
1964-65	7.58	16.83
1963-64	5.06	14.29
1962-63	2.12	6.93
1961-62	3.10	5.53
1960-61	7.08	9.47
1959-60	2.19	5.04
1958-59	7.59	11.86
1957-58	-1.21	2.23
1956-57	5.69	19.38
1955-56	2.56	1.61
1954-55	4.25	-6.06
1953-54	6.09	8.89
1952-53	2.84	-1.38
1951-52	2.33	5.58